Alabama § 5-13B-109 - Limitations on Payment of Interest on Deposits.
Full text of Alabama Code of Alabama § 5-13B-109 — Limitations on Payment of Interest on Deposits., with citation guidance and answers to common questions.
§ 5-13B-109. Limitations on Payment of Interest on Deposits.
A foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall be subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-13B-109
What does Code of Alabama § 5-13B-109 cover?
Section 5-13B-109 ("Limitations on Payment of Interest on Deposits.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 5-13B-109?
A common citation format is "Code of Alabama § 5-13B-109" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 5-13B-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.